North American Video Conferencing Hosted and Managed Services Market - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-03-06 18:37:02
The video conferencing services market remains a robust growth opportunity despite the recent turbulence in the video conferencing equipment market, as the latter transitions from legacy CPE big-iron video bridges towards "MCU-less" software-based solutions. Enterprises are increasingly turning to CSPs as trusted advisors that can help reduce video complexity and de-risk their video implementations.This research delivers an in-depth view of the North American hosted and managed video conferencing services market in the U.S. and Canada, including analysis of market drivers, restraints, forecasts and market trends. Market participants can rely on this research to develop sustainable growth strategies and enhance their competitive standing.Executive Summary- Despite the challenging macroeconomic backdrop, 2012 delivered another robust year for the North American video conferencing services market.- Revenues are expected to reach $x million in 2012, representing an x percent growth over 2011, with the market being primarily driven by the managed services segment.- As the video conferencing equipment market transitions from hardware- to software-based solutions, a larger number of businesses will begin evaluating Video as a Service (VaaS) offerings that are cheaper and easier to implement than flagship hardware solutions.- A similar dynamic is developing in the video conferencing services market. While the appetite for managed services remains healthy, demand for hosted, off-premises cloud-based service offerings is expected to pick up considerably during the forecast period.- As a result, the hosted segment contribution to video conferencing services is expected to make up x percent of total video conferencing services revenue by 2016, up from an estimated x percent in 2012.- Between 2012 and 2016, the North American video conferencing services market is expected to grow at a Compound Annual Growth Rate (CAGR) of xpercent, reaching $x million in 2016.- The main drivers for a wider video conferencing adoption include the recognition of video as a key enabler of a higher level of enterprise collaboration and increased employee productivity, cost savings due to travel replacement, and environmental stewardship.
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